Obamacare Is Being Repealed by Consumers, Providers and Insurers

obamacare_signing_AP-linear

When it comes to the Affordable Care Act, nearly every stakeholder involved has voted with their feet. Consumers, providers, and even the insurers who helped create Obamacare to profit from a government mandate have all begun to flee from it.

 writes: The 2016 election cycle will come to a close on Tuesday, and its conclusion will probably have little significance on the issues that face the nation. The three months in which Republicans and Democrats (and others) fought for the presidency focused almost entirely on personalities and personal qualities rather than substantive policy.

[Related: The Simple Reason So Many Americans Are Opting Out of Obamacare]

Republicans want people to vote to keep Hillary Clinton and vast corruption out of the White House, while Democrats argue that voters have to block a temperamentally unsuited and unprepared Donald Trump from having his finger on the nuclear button. Independent candidates Gary Johnson and Jill Stein want voters to protest against the two-party system by supporting their campaigns.

That will be America’s misfortune because we do face serious choices in the next four years – and this election will tell us nothing about the direction voters want about any of them. The stakes of this election cycle will only determine which candidate turned out to be least unfavorable on personal qualities.

Obamacare-spike

On issues such as the war on ISIS, the economy, and national debt, both major-party nominees offered nothing but vague ambiguities while focusing almost all of their time and attention on each other’s peccadilloes. No matter the result, the winner will have no claim on a mandate from the electorate on almost any policy direction.

[Read the full story here, at The Fiscal Times]

Rather than look to the election results for policy direction on one key issue, perhaps the next president should look to the voters themselves. When it comes to the Affordable Care Act, nearly every stakeholder involved has voted with their feet. Consumers, providers, and even the insurers who helped create Obamacare to profit from a government mandate have all begun to flee from it.

obamacare-horror-approved

Late last week, earnings reports from major health insurers Aetna and UnitedHealth showed a greater-than-expected decline in enrollments from an already disappointing 2016 result. Jed Graham reported at Investors Business Daily  that over 113,000 enrollees had stopped paying their premiums in the third quarter, a 6.6 percent drop that left a combined enrollment of 1.6 million consumers. The two companies account for a sixth of all ACA exchange enrollees, and the trend indicates that national Obamacare enrollment has dropped below 10 million – again.

“On top of that,” Graham reminds readers, “the fourth quarter appears headed toward big enrollment declines as it has in the past, as people take advantage of the law’s 90-day grace period that leaves insurers on the hook even after customers stop paying their premiums.” Last year’s fourth quarter decline was over a half-million people or 5.7 percent. If that repeats, then total enrollment could drop to 9.25 million – well below the worst-case projection from Health and Human Services of 9.4 million.

That will only get worse in 2017 as premiums rise an average of 25 percent — and have…(read more)

Source: The Fiscal Times


One Comment on “Obamacare Is Being Repealed by Consumers, Providers and Insurers”

  1. […] Obamacare Is Being Repealed by Consumers, Providers and Insurers (punditfromanotherplanet.com) […]


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